The Cambridge Multisectoral Dynamic Model

ISBN-13: 9780521330046 / Angielski / Twarda / 1988 / 532 str.

Opis

This book provides an account of the Cambridge Multisectoral Dynamic Model, based on a highly disaggregated macroeconometric model. The first part covers the econometric theory and methodology, the organization of the data, the structure of the model, estimation and computer programming. The second part examines the modeling of different aspects of the system in detail and describes the relationships used, the parameter estimates and the results obtained. The model has been developed by the Cambridge Growth Project and is unique among models of the UK economy in its level of disaggregation.

Recenzje

'To summarise, the book contains a very useful and clearly written account of many of the aspects of the limited dependent and qualitative variable models with an extensive use of empirical examples. The econometric issues raised by the models are neatly produced without taxing the reader too greatly. There will undoubtedly be other books appearing in the near future in the same area … he has produced a book which, by virtue of its extensive coverage, will be very hard to beat.' The Economic Journal

Spis treści

List of tables; List of figures; Foreword; Preface; Conventions; 1. Introduction Terry Barker; Part I. The Model as a System: 2. Theory and method Terry Barker and William Peterson; 3. The accounting framework and the data Terry Barker and Martin Weale; 4. The complete model Terry Barker; 5. Estimation William Peterson; 6. Computer software for a large econometric model William Peterson; Part II. Different Economic Sectors of the Model: 7. Consumers' expenditure Vani Borooah; 8. Fixed investment William Peterson; 9. Stockbuilding Michael Landesmann; 10. Exports and imports Terry Barker; 11. Employment William Peterson; 12. The demand for energy William Peterson; 13. Industrial prices and profits Martin Weale; 14. Export and import prices Terry Barker; 15. Incomes policy and earnings Tony Lawson; 16. Social security benefits and personal income tax Don Sharpe; 17. The company sector Andrew Goudie, Geoffrey Meeks and Martin Weale; 18. Financial stocks and returns Martin Weale; 19. Sterling exchange rate Andrew Snell; Appendix; List of variables in MDM6; Bibliography; Index of authors; Index of subjects.